Unemployment. Tom talked to 1 who is frustrated after trying to deal with the system. Californias one unassailable growth spree blew up this month. The week of march 7th theres around 41,000 new claims in our state, that increased to 57,000. Last week it skyrocketed up to 186,000 and were waiting on if numbers for this week, i expect it to be double or triple that am. The 360 billion job retechs plan is designed to keep paychecks coming in. Unprecedented Employee Retention measure, well see if that can stem this exploding layoffs and furloughs. I found myself screaming at if computer. Im in that field. Lawrence laid off her job knows filing for unpreliminary benefits is an impossibility the only way to apry is on like. I went to the web site for 48 hours and going in circles and getting an error message. When she called for help. Another roadblock. They are over inundated for the calls you get a recording be you get huck up on. After many hung ups she was told safari was not supported
Protests turned violent. Also saw some stronger than expected inflation data out of china, raising questions about whether they can continue their stimulus the dow is higher, nasdaq down about 0. 14 . Of course, record closes last week, hence a little bit of treading water today joining us for the full first hour of the show, nancy the eveningl tengler so whats your take today . The earnings season wasnt as bad as feared, right we seem to be moving towards a more cyclical bias we had overweighted cyclicals earlier this year. It was kind of painful for a while. But it looks like manufacturing is hooking up. Still some concerns about capex, which well talk about, and so were modishly bullish and continue to find places to put money, which is always the test, right . Were going to get some of those picks later on in the show nancy, year with us for the hours. Well focus in on the big stories that we are watching here today josh lipton has details of a brewing controversy including apples
Welcome to power lunch , im the dow off by 52 points, and nasdaq is lower by 27, as melissa said, soaring in the debut, i almost said snoring. More on that in a moment, but, first, we are following a big breaking story on caterpillar. The Stock Plunged in the past hour on news federal agents are searching that companys global headquarters, off nearly 5 , you see from the intraday chart when the news broke. These photos coming into cnbc. In them, irs agents are gathered outside the headquarters. Lets get to morgan with more on the developing story. Morgan . Reporter thats right. As you mentioned, shares of caterpillar sliding now, as federal agents search three facilities, including in illinois. As you see from the photos, you just showed one, theres another one that has cars lined up outside of the head quarters, and those cars belong to federal agents. In this particular picture, you see agents from the irs, also fbi and Commerce Department participating in these searches. The Company
So without ibm, we could have a positive day theoretically. Can you make up an excuse, deuation in markets. Cloud and tech services. Can you find the good here . Theyre consist ept. Its tough to fibd a company that has lost money for 20, for five years consecutively. Over 20 consecutive quarters. There should be a premium for that. Its a Company Still in transition. However, their Growth Business is now just under i would say under siege but declining. Its not a stock i want to go after. It will always be cheap and until that transition is complete, which i dont think is soop, you dont want to go after it. Its got to bottom further. I dont know what b Warren Buffetts going to do about it ch hes there, hes in much higher prices. 170 in change was his cost base. Average price. 170. Ruined at this point. I agree with everything steve just said. From a trading perspective, if you were long the this name, the 200 200day active going back to a year, now thats backed to over a 200 day. Your r
CERo Therapeutics Holdings, Inc. (NASDAQ:CERO – Get Free Report)’s stock price traded down 5.6% during mid-day trading on Wednesday . The stock traded as low as $0.69 and last traded at $0.70. 104,777 shares traded hands during trading, a decline of 86% from the average session volume of 724,853 shares. The stock had previously closed […]